WOO launch comingLaunch of the Woo Exchange is a matter of days away. Chart looks a little iffy though and a couple of levels on the LTF need to be flipped for me to feel better. Could certainly see the launch being priced in and a sell the news event occurring if these levels aren't flipped soon.
Ultimately though, Woo has a very nice concept behind it and if market remains bullish, any dip would certainly be a nice buy opportunity.
WOOUSDT
Wootrade bullishSo Woo is definitely one of those projects I've been hearing a lot about and I finally started looking into. I'm def late to this one, as market cap is already around 450-500 million, but a good exchange token can easily go into the billions.
For this current move, I believe we have corrected and if we can finish clean 5 wave as I have marked and close in or above that blue box, I believe the correction is over and we continue upward.
There is also an ascending triangle forming for pattern traders.
Overall, a strong looking project with the right amount of hype + real project development it seems.
WOO has just formed a #head$shoulder at the bottomIn 1h time frame, the downtrend line in major pivots has been broken, the head is just lying on the support2 zone of the #PIVOT_POINT_STANDARD and the shoulders on the S1.
So after all I expect 25 to 30% pf profit if the black line breaks strongly.
The SL may be the head, if you are midterm and the shoulders if running a short term strategy.
Attention: It's better to have the risk and property management according to the main market situation now